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How do you calculate salary slips on a cost-to-company basis?

In: Salary and Pay Rates, Industrial Engineering, Income Taxes [Edit categories]

Answer:

Cost to company in brief means all the cost which the company incurrs for maintaining the employee. This generally includes not just the salary which the employee draws at the end of the month but also includes all the other components like

1. Employer contribution to PF

2. Employer contribution for insurance / pension schemes

3. meal subsidies

4. travel subsidies

etc.

This may not neccessarily form part of the salary slip, but are taken into consideration for computing cost to company

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Contributor:

Crystal

First answer by ID1001417617. Last edit by Rajeshkubal. Contributor trust: 25 [recommend contributor ]. Question popularity: 63 [recommend question].

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